Reference

The natural rise and fall of economic growth over time. It typically consists of four stages: expansion, peak, contraction, and trough.

A phase of the business cycle in which the economy moves from a peak to a trough. It is characterized by falling GDP and rising unemployment.

A decrease in government spending or an increase in taxes intended to slow down the economy and reduce inflation.

A policy used to slow down economic growth or combat inflation by decreasing the money supply and raising interest rates.

A policy used to slow down an economy that is growing too fast or to curb rising inflation. It involves raising interest rates or reducing government spending to decrease the money supply.

A general decrease in the prices of goods and services, which can lead to lower consumer spending and economic contraction.